Taking into consideration S&L owning about 40 million and another 50 million shares that were accounted for by posters here that contacted Ron before the sh meeting, there are still around 300 million shares unaccounted for.
For the end of February financial statements it was reported that S&L owned less than their 9.99% allowed. However, in March there were warrants converted that could have brought S&L back to their max. I don't believe, and hope someone corrects me if I'm wrong, that any info has come out after this that states S&L owns less than 9.99%. If there is, again, look at the timing as shares must be sold before warrants are converted. It's possible S&L may own less than the max only until they are able to convert warrants.
Bottom line, S&L may or may not be reducing their position. Frankly, I find it easy to believe, as ttccrr stated, the price stagnation can be attributed to retail attrition.
OK, now I've got to go shower because I admitted agreeing with something ttccrr wrote.